Deals of the day- Mergers and acquisitions

Thu Nov 14, 2013 4:03pm EST
 
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Nov 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** JPMorgan is set to close its energy trading operation in Geneva, which employs a team of around 12 traders, within the next four to five months, sources familiar with the matter said on Thursday. The investment bank will stop physical and paper trading of oil, oil products, energy and power in Geneva by the end of this year, a trade source said, while a source close to the bank said the operation would close by the end of the first quarter in 2014.

** Telecom Italia agreed to sell its controlling 22.7 percent stake in Telecom Argentina to Fintech Group for $960 million, as it presses on with a plan to raise 4 billion euros to fix its balance sheet and revive its business.

** Compuware Corp should consider an immediate sale or a new restructuring plan, activist investor Starboard Value LP said in a letter to the business software maker on Thursday.

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